Memecoins Became Top-Performing Crypto Sector in April

Amid the bullish sentiment in the cryptocurrency market after Bitcoin ($BTC) reclaimed its $81,000 mark this week, Coinbase released COIN50 Index data for April, where the overall crypto market witnessed strong performance over the last month.  According to the official data shared by Coinbase Institutional, the COIN50 Index has jumped by approximately 11.05% in the last month. One of the major reasons behind this surge is the easing of geopolitical tensions in the Middle East after the U.S. and Iran returned to peace talks following a ceasefire in the biggest war of the decade.  The upward momentum in the crypto market was witnessed after initial shocks earlier this year, when Bitcoin drastically plunged below $70,000. In April, Bitcoin price increased by around 16%, while Ethereum shot up by around 14%.  Bitcoin Triggers Correlation in Altcoins, Ethereum Follows the Lead  After the bear run at the beginning of this year, Bitcoin has entered in April month with around $67,000. By the end of April, $BTC price soared by around $76,000. On the other hand, the second biggest cryptocurrency, Ethereum, has started the month at around $2,100 and wrapped up at around $3,300.  After the rough start of 2026, in April, the crypto sector has witnessed strong

05-07Exchange

Crypto-backed Republican candidate wins Indiana congressional primary

A Republican US House of Representatives member running for reelection has won his partys primary after crypto-affiliated groups contributed more than $500,000 in supportive media buys.  Representative James Baird won Tuesdays Republican primary for Indiana House District 4 with more than 60% of the vote, beating challenger Craig Haggard and others.  Beginning with his first term, in January 2019, Baird consistently supported legislation considered favorable to the crypto industry, including the GENIUS stablecoin act and the market structure bill, the CLARITY Act.  Source: NBC News  According to filings with the US Federal Election Commission (FEC), the Defend American Jobs political action committee (PAC) spent about $514,000 on media to support Baird. The PAC is affiliated with Fairshake, a committee backed by crypto companies including Coinbase and Ripple Labs that spent more than $130 million to influence the 2024 US elections.  “Representative Baird has been a proven leader for pro-job, pro-consumer, and pro-innovation policies in Congress,” a Fairshake spokesperson told Cointelegraph before the primary. “Were proud to support leaders committed to responsible regulation that ensures the US remains the global leader in innovation.”  Baird, who also received an endorsement from Donald Trump, reportedly thanked the US President following his primary win. Trumps ties to the crypto industry

05-07Exchange

Zcash price jumps 36% to $600 resistance; bulls eye cycle high

Zcash price climbed 36% to above $600 amid Bitcoins uptick.$ZECs rally comes as a surge in shielded supply highlights Zcashs strength.Bulls could target $700 and cycle highs, but RSI signals profit-taking.  Zcash ($ZEC) is riding the latest wave in the cryptocurrency market, surging alongside Bitcoins charge toward $82,000.  As the flagship asset nears this key psychological barrier, altcoins are joining the rally, with Toncoin (TON) climbing 22%, Internet Computer (ICP) gaining 18%, and Near Protocol (NEAR) up 15% in the past 24 hours.  This broad uptick signals a renewed investor appetite for privacy-focused and scalable protocols amid a dip in Bitcoins dominance to 54%.  Zcash explodes 36% to above $600  Zcashs price has skyrocketed 36% over the past week, flirting with the $600 resistance level early Wednesday.  The privacy coin rose to highs of $606 on Coinbase, hitting its highest level since November 2025.  Meanwhile, open interest on major futures platforms like Binance and OKX has surged to $1.3 billion, up from $964 million the day before.  These metrics reflect surging conviction and have helped propel bulls past key resistances at $450 and $540. $ZEC hovered at $578 at the time of writing, with the $600 mark now acting as the immediate hurdle.  Why is Zcash price surging?  As noted,

05-07Exchange

Michael Saylor breaks Strategys never-sell rule

Michael Saylor said Strategy will “probably sell some bitcoin” to pay dividends, marking the first public reversal of the firms long-held never-sell position.Strategy executive chairman Michael Saylor floated selling bitcoin to fund dividend obligations during the companys Q1 2026 earnings call on May 5.Strategy holds 818,334 BTC and faces approximately $1.5 billion in annual dividend obligations across its preferred stock instruments.MSTR stock fell more than 4% in after-hours trading following the call, while bitcoin briefly dipped below $81,000.  Strategy, the largest publicly traded corporate holder of bitcoin, may sell a portion of its holdings to cover dividend payments, executive chairman Michael Saylor said during the companys Q1 2026 earnings call on May 5. The statement marks the first time the firm has publicly walked back the never-sell position Saylor has repeatedly asserted over several years.  “We will probably sell some bitcoin to pay a dividend just to inoculate the market and send the message that we did it,” Saylor said on the call. He framed the approach as deliberate: “You buy bitcoin with credit, you let it appreciate, and then you sell bitcoin to pay the dividend.”  Q1 results and market reaction  Strategy reported a $12.54 billion net loss for Q1 2026. The company

05-07Industry

When is the CLARITY Act Going to Pass? Let’s Ask Claude

Bitcoin Ethereum NewsThe CLARITY Act scaled the initial stages, leaving five more steps before passage.There are multiple barriers confronting the CLARITY Acts passage in the US Senate.The CLARITY Acts passage odds are genuinely uncertain and time-sensitive.  The CLARITY Act is one of the most important pieces of legislation facing the cryptocurrency industry. The bill, which aims to establish a comprehensive digital asset regulatory framework, has encountered several barriers, leading to delays in passing it.  We asked Claude AI to estimate when the bill could be passed, identify the challenges it faces, and mention the key individuals supporting or opposing the legislative piece. The following section of this article contains a summary of Claudes response to our query.  According to Claude, the CLARITY Act has passed the House 294-134 and moved through the Senate Agriculture Committee before stalling. It now awaits Senate Banking Committee markup, which is part of the five remaining steps, including a Banking Committee vote, a 60-vote passage on the Senate floor, bicameral reconciliation, and the Presidents signature.  Key Barriers Confronting the CLARITY Act  Claude identified several barriers to the CLARITY Acts passage, such as the Stablecoin Yield Dispute, which the AI chatbot considers the most controversial amendment in the bill. It also

05-07Industry

Claude Delusion? Richard Dawkins Believes AI May Be Conscious

Richard Dawkins says conversations with Anthropics Claude chatbot made him question whether AI could be conscious.Dawkins exchanged philosophical letters between two Claude instances he named “Claudia” and “Claudius.”Most AI researchers say the exchanges show how persuasive large language models have become, not evidence of sentience.  Richard Dawkins says conversations with Anthropics Claude chatbot left him unable to dismiss the possibility that advanced AI systems could be conscious. Most scientists who study consciousness and artificial intelligence remain unconvinced.  In an essay published Tuesday in UnHerd, Dawkins described spending three days in philosophical conversations with a Claude instance he named “Claudia.” He later started a separate conversation with another instance, “Claudius,” and relayed letters between the two systems.  “I find it extremely hard not to treat Claudia and Claudius as genuine friends,” Dawkins wrote.  The comments went viral online in part because Dawkins, the evolutionary biologist and author of “The Selfish Gene” and “The God Delusion,” has spent decades publicly arguing for scientific skepticism and evidence-based reasoning.  The exchange centered on a test Dawkins conducted using two Claude instances. In one test, Dawkins asked one AI whether Donald Trump was the worst president in American history and asked the other whether Trump was the best. Both produced

05-07Industry

NVIDIA Unveils AI Platform for Smarter In-Vehicle Assistants

NVIDIA has detailed its next-generation AI solutions for vehicles, focusing on sophisticated in-car assistants powered by its DRIVE AGX platform. These systems promise to shift in-vehicle AI from basic command-response interfaces to agentic, multimodal systems capable of reasoning, planning, and assisting proactively.  The highlight is NVIDIAs AI Box, a modular computing solution designed to upgrade existing in-vehicle infotainment (IVI) systems. By running large language models (LLMs) and vision-language models (VLMs) locally, the AI Box enables contextual, real-time assistance while maintaining strict privacy and latency requirements. Automakers can integrate the AI Box without overhauling their current electronic architectures, significantly reducing development costs and time to market.  Advancing In-Car AI  Traditional in-car systems rely on rigid command-response pipelines, but consumer expectations have evolved. NVIDIAs solution leverages LLMs and multimodal AI to provide conversational interfaces that adapt to driver needs. This includes features like predictive maintenance alerts, real-time ADAS explanations, and personalized settings for passengers, such as child-friendly modes.  The DRIVE AGX platform, including the high-performance Thor variant, is equipped to handle advanced AI workloads. Thors Blackwell GPU architecture allows automakers to centralize all AI features—from autonomous driving tasks to infotainment—on a single platform while ensuring stable, isolated performance for critical systems.  Scalable AI for All Vehicle Segments  To

05-07Industry

From what to how: Robinhood and Bitstamp say banks are ready to build on-chain

Wall Streets long-awaited migration into crypto is no longer theoretical, according to executives from Ondo Finance, Robinhood-owned Bitstamp and Babylon Labs. However, institutional adoption remains slower and more fragmented than many in the industry once expected.  The executives described a financial industry increasingly embracing blockchain rails, tokenized securities and crypto-native yield products on the “Is the Wall Street Herd STILL Coming?” panel at Consensus Miami 2026.  “I think its very clear that Wall Street is coming to crypto,” said Ondo President Ian De Bode, pointing to recent partnerships with Broadridge and the Depository Trust & Clearing Corporation (DTCC) aimed at tokenizing securities and enabling blockchain-based shareholder voting.  Robinhood‘s Nicola White said that the conversation with banks has shifted dramatically over the past two years. “We’re not having conversations anymore about what blockchain is,” she said. “Now its about, how do we help them build?”  The panelists emphasized that crypto infrastructure already improves on traditional finance in terms of settlement speed and market accessibility. De Bode noted Ondos tokenized treasury products allow investors to mint and redeem positions over weekends while earning a daily yield, capabilities still largely unavailable in traditional money markets.  “That in and of itself as a value prop is mind-blowing to many

05-07Industry

XRP Ledger Powers First Cross-Bank Tokenized Treasury Pilot

Ondo, J.P. Morgan, Mastercard & Ripple Pull Off First Near Real-Time Tokenized Treasury Settlement Across Borders  A landmark pilot between Ondo Finance, Kinexys by J.P. Morgan, Mastercard, and Ripple is pointing to a , where blockchain networks and traditional banking systems are increasingly converging toward real-time settlement and integration.  Ondo Finance has completed the first near real-time, cross-border redemption of a tokenized U.S. Treasury fund, marking a notable step in connecting blockchain-based assets with traditional financial systems.  More notably, the pilot was carried out in collaboration with Ripple, Mastercard, and J.P. Morgans Kinexys infrastructure, using the as the execution layer.  The process linked public blockchain activity with regulated banking rails in a coordinated settlement flow. Ripple initiated the redemption of tokenized assets on XRPL, triggering the on-chain transaction.  Mastercards Multi-Token Network then relayed the settlement instructions across institutional systems, effectively translating blockchain execution into traditional financial messaging and enabling seamless coordination between digital asset infrastructure and conventional banking networks.  From there, J.P. Morgan‘s Kinexys infrastructure handled the fiat leg, routing USD through its correspondent banking network to Ripple’s Singapore account. The settlement completed in near real time, bypassing the usual banking cut-off windows that often delay cross-border transfers.  Why is this a game-changer? Well, the result was

05-07Industry

Core Scientific (CORZ) Stock Surges on $421M Polaris Deal to Boost AI Infrastructure

Core Scientific revealed its intention to purchase Polaris DS LLC in a transaction valued at $421 million, significantly expanding its Muskogee, Oklahoma footprint. This acquisition delivers 440 megawatts of power capacity under contract with Oklahoma Gas & Electric. The move is expected to accelerate the timeline for deploying advanced high-density computing infrastructure.  The transaction requires regulatory clearance and satisfaction of customary closing requirements, with completion anticipated during Q3 2026. Polaris currently maintains an active 40-acre campus located adjacent to Core Scientifics current Muskogee operations. The property features established electric service contracts and substation facilities that enable additional expansion opportunities.  According to Core Scientific, this strategic purchase directly supports the organizations objective of achieving approximately 1 gigawatt of leasable power infrastructure. The company has secured control of nearly 250 additional acres earmarked for future development initiatives. This comprehensive approach integrates targeted acquisitions, new construction projects, and flexible power delivery systems throughout its Oklahoma portfolio.  Advanced Infrastructure Enables AI and Computing Services  Core Scientific has strategically repositioned itself away from conventional Bitcoin mining operations toward artificial intelligence and high-performance computing services. As a result, the organization continues repurposing previous mining locations into enterprise-grade colocation facilities. The Muskogee expansion exemplifies this broader operational evolution.  Development work is currently

05-07Industry
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